Answer Happy

AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) 2019 S Net product sales Net service sales Total net sales Operating expenses Cost of sales Fulfillment Technology and content Marketing General and administrative Other operating expense (income), net Total operating expenses Operating income Interest income Interest expense Other income (expense), net Total non-operating income (expense). Income before income taxes Provision for income taxes Equity-method investment activity, net of tax Net income Basic earnings per share Diluted earnings per share Weighted average shares used in computation of carnings per share Basic Diluted See accompanying notes to consolidated financial statements. Year Ended December 31, 2020 215,915 S 170,149 386,064 233,307 160,408 S 120,114 280,522 165,536 40,232 35,931 18,878 5,203 201 265,981 14,541 832 (1,600) 203 (565) 13,976 (2.374) (14) 11,588 S 23.46 S 23.01 S 494 504 58,517- 42,740 22,008 6,668 (75) 363,165 22,899 555 (1,647) 2,371 1,279 24,178 (2.863) 16 21,331 S 42.64 $ 41.83 S 500 510 2021 241,787 228,035 469,822 272 344 75,111 56,052 32.551 8.823 62 444,943 24,879 448 (1,809) 14,633 13.272 38,151 (4,791) 4 33,364 65.96 64.81 506 515
Current assets ANBIZIAASINGINGS CONSOLIDATED BALANCE SHEETS (in millions, except per share data) ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Operating leases Goodwill Other assets Current liabilities: Total assets Accounts payable Accrued expenses and other Uncarned revenue Total current liabilities Long-term lease liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity. Preferred stock, 5001 par value Authorized shares-500 Issued and outstanding shares-none Common stock, 5001 par valor Authorized shares-5,000 Issued shares-527 and 532 Outstanding shares-503 and 509 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive income (loss) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 5 S 2020 December 31, 42,122 S 42,274 23,795 24,542 132,733 113,114 37.553 15,017 22,778 321,195 S 72.539 S 44,138 9,708 126.385 52.573 31,816 17,017 5 (1.837) 42,865 (180) 32,551 93,404 321,195 $ 2021 36,220 59,829 32,640 32,891 161,580 160,281 56,082 15,371 27,235 420,549 78,664 51,775 11,827 142,266 67,651 48,744 23,643 (1.837) 55,538 (1,376) 85,915 138,245 420,549
Income Taxes Income tax expense includes U.S. (federal and state) and foreign income taxes. Certain foreign subsidiary earnings and losses are subject to current U.S. taxation and the subsequent repatriation of those earnings is not subject to tax in the U.S. We intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax boses, as well as net operating loss and tax credit carryforwards, and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered Deferred tax assets represent amounts available to reduce income taxes payable in future periods. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent we believe they will not be realized. We consider many factors when assessing the likelihood of future realization of our deferred tax assets, including our recent cumulative loss experience and expectations of future earnings, capital gains and investment in such jurisdiction, the carry- forward periods available to us for tax reporting purposes, and other relevant factors. We utilize a two-step approach to recognizing and measuring uncertain income tax positions (tax contingencies). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement. We consider many factors when evaluating our tax positions and estimating our tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. We include interest and penalties related to our tax contingencies in income tax expense. Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value Level 1-Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2-Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data Level 3-Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data. We did not hold significant amounts of marketable securities categorized as Level 3 assets as of December 31, 2020 and 2021. We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2020 and 2021, these warrants had a fair value of $3.0 billion and $3.4 billion, and are recorded within "Other assets" on our consolidated balance sheets with gains and losses recognized in "Other income (expense), net" on our consolidated statements of operations. These warrants are primarily classified as Level 2 assets Cash and Cash Equivalents We classify all highly liquid instruments with an original maturity of three months or less as cash equivalents Inventories Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $2.3 billion and $2.6 billion as of December 31, 2020 and 2021,
Financial Statement Analysis Combined Chapters 4 and 5 Assignment - Summer 2022
Moving to another question will save this response. Question 1 The net sales amount Amazon received from selling inventory during the most recent reporting period was $241,787 (in millions). O True ● False Moving to another question will save this response.
Question 2 Amazon's cost of inventory sold during the most recent reporting period was, (in millions)? O a. 32,640 Ob.444,943 O c. $272,344 O d. $8,845
Question 3 For the last two reporting periods calculate Amazon's 1. Gross margin percentage Gross margin percentage (Total net sales-Cost of sales/Total net sales (round to one decimal place, for example, 1082147-10.0%) 2. Net Income percentage. Net Income percentage Net income/ Net sales (round to one decimal places) Then select the correct answer below Total net sales that became pross margin and total net sales that became net income both increased from 2020 to 2021. Ob Less total net sales became gross margin in 2021 compared to 2020 and more total net sales became net income in 2021 compared to 2020 O More total net sales became gross margin in 2021 compared to 2020 and less total net sales became net income in 2021 compared to 2020 Total niet sales that became gross marge and total bet sales that became net income both decreased from 2020 to 2021. Moving to another question will save this response
Question 4 Amazon's cost of inventory sold decreased over the last two reporting periods. O True O False
Moving to another question will save this response. Question 5 At the most recent balance sheet date, Amazon's beginning inventory balance was more than its ending inventory balance. True O False
Question 6 Amzon's inventory is accounted for using O a LIFO Ob Specific identification OC FIFO Od Average cost
Moving to another question will save this response. Question 7 Assuming increasing prices, the inventory cost flow assumption used by Amazon to value inventory results in: O a. the same amount of net income on the income statement as LIFO. O b. more net income on the income statement than LIFO. Oc less net income on the income statement than LIFO
Moving to another question will save this response. Question 8 Assuming increasing prices, the inventory cost flow assumption used by Amazon to value inventory: O a results in the same amount of total assets on the balance sheet as average cost. O b. results in less total assets on the balance sheet than average cost Oc results in less total assets on the balance sheet than LIFO Od results in more total assets on the balance sheet than LIFO.
Moving to another question wit save this response Question 9 Based on Amazon's ventory turnover rato (Cost of sales/Ending investores) over the last two reporting periods. The company's inventory sold prior reporting penod (Round answers to one decimal place, for example, 33417-38) Of the same na Obat a slower ros ata que O cannot be determined Mither question will save this respon Question 9 of 10 2 points in the most recent reporting period compared to the Quo 10